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BUSINESS STRATEGIES—Ditch a project, plan for aftermath

“When a project has to be shut down, we’re left feeling bruised, struggling with having to sever our emotional commitment to the effort and perhaps ashamed. But in Strategy + Business, Columbia University business professor Rita Gunther McGrath urges the venture team, in collaboration with senior management, to prepare a short disengagement plan of no more than five pages when it must scrap a project…” To read the entire article, click here.